41,746 Shares in Commercial Metals Company $CMC Bought by Engineers Gate Manager LP

Posted by Brian Himes on Sep 15th, 2026

Engineers Gate Manager LP purchased a new stake in Commercial Metals Company (NYSE:CMC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,746 shares of the basic materials company’s stock, valued at approximately $2,620,000.

A number of other large investors have also recently added to or reduced their stakes in CMC. BlackRock Inc. acquired a new position in Commercial Metals during the 2nd quarter worth $954,989,000. California State Teachers Retirement System raised its stake in shares of Commercial Metals by 6,004.4% in the 2nd quarter. California State Teachers Retirement System now owns 8,168,168 shares of the basic materials company’s stock valued at $512,553,000 after purchasing an additional 8,034,360 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Commercial Metals by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after purchasing an additional 86,749 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Commercial Metals by 87.4% during the first quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock worth $100,205,000 after purchasing an additional 760,985 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Commercial Metals during the fourth quarter worth about $97,983,000. 86.90% of the stock is currently owned by institutional investors.

Commercial Metals Trading Down 3.2%

Commercial Metals stock opened at $64.99 on Tuesday. Commercial Metals Company has a 1 year low of $53.08 and a 1 year high of $84.87. The firm’s 50-day moving average is $68.37 and its 200-day moving average is $68.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The company has a market cap of $7.19 billion, a P/E ratio of 12.24, a PEG ratio of 0.35 and a beta of 1.52.

Commercial Metals (NYSE:CMC – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities analysts expect that Commercial Metals Company will post 6.62 earnings per share for the current year.

Commercial Metals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Commercial Metals’s dividend payout ratio is 15.07%.

Commercial Metals announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 5th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CMC shares. JPMorgan Chase & Co. lowered their price objective on Commercial Metals from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, September 9th. BNP Paribas Exane raised Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a report on Wednesday, July 8th. Jefferies Financial Group raised Commercial Metals from a “buy” rating to a “buy” rating in a report on Friday, June 5th. Wells Fargo & Company lifted their target price on Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $85.00 price target on shares of Commercial Metals in a report on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.64.

Get Our Latest Analysis on CMC

Insider Activity at Commercial Metals

In related news, Director John R. Mcpherson purchased 1,390 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $71.92 per share, with a total value of $99,968.80. Following the acquisition, the director owned 21,927 shares in the company, valued at approximately $1,576,989.84. This trade represents a 6.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Peter R. Matt acquired 8,230 shares of Commercial Metals stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $61.30 per share, with a total value of $504,499.00. Following the transaction, the chief executive officer directly owned 181,522 shares in the company, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Commercial Metals Company Profile

(Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturing and recycling company headquartered in Irving, Texas. Founded in 1915, the company began as a scrap-metal business and has grown into an integrated producer, recycler and fabricator serving construction and industrial markets.

CMC manufactures and distributes a range of steel products, including reinforcing bar, merchant bar, wire rod, structural products, wire mesh and other products used in concrete construction and infrastructure projects.